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Trade Point Technologies

  #54 (permalink)

Denver, Colorado
Trading Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: ES, CL, anything that makes $$
Posts: 178 since Nov 2009
Thanks: 157 given, 74 received

cunparis View Post
Thanks for sharing your chart, lots of good information & ideas in there. The tick indicator gives very similar signals to the way I use the tick so I'm sure that it works well. I also use it on a 1m chart. I also use it on a 5m chart to catch larger divergence patterns.

For the time histogram.. This is the 3rd time I've looked at it. My conclusion is that it doesn't work very well during the market peak times (9:30 - noon, 2-4pm). It seems to work better during lunch and overnight. I was checking it out and I found a case where it worked and it was between 1&2. Then I went back and looked at your chart and your example is between 1&2. Have you found it to work between say 9:30 - noon?

My problem with volume stop is it gives false signals (like everything else). The key to using indicators is to learn when they give false signals and why. So far I haven't found it reliable enough to work by itself so I'm working on a way to confirm it like you're doing with the time histogram.

Thanks for sharing.

You know I haven't found the optimized settings for Time Histogram. You have to play around with them. If you go over to about page 7-9 on the Trade Intensity thread on TL you will see Blowfish's settings on a 20 volume FESX chart. He is using very small settings 1,3,5, 7, 9 and it works well. So that got me thinking. If the market is less liquid than ES, say 6A, 6B or so drop down to a 100 volume chart and use lower settings on TH.

I am actually thinking of contacting the inventor, Gumphrie himself since I have some ideas to improve upon but can't do it myself.

The other thing I would suggest is to use the indicator Deanz on TL was nice enough to share to filter volume stop. it works well.

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